Beijing (Reuters) — China’s financial regulator has announced plans to raise the equity investment limit for insurance funds, in a move aimed at strengthening the capital markets and boosting the real economy. According to a statement issued Tuesday by...

Kathmandu – With Japan’s domestic insurance market facing stagnation due to a shrinking and aging population, major Japanese insurers are accelerating international expansion and acquisitions to secure long-term growth, according to a new commentary from AM Best. The report,...

Kathmandu — Nepal Insurance Authority Chairman Sharad Ojha has called on insurance companies to adopt a more responsible and targeted approach toward term insurance, citing its critical role in ensuring financial security for families. His remarks came during the...

Kathmandu, – In a pioneering move for Nepal’s insurance sector, SuryaJyoti Life Insurance Company Limited has introduced the ‘Suryajyoti Cares Digital Card’ and ‘SuryaJyoti e-Loan’ services, signaling a significant stride toward digital transformation. The official launch took place on...

New Delhi — The United States Trade Representative (USTR) has raised concerns over what it terms an “uneven playing field” in India’s insurance sector, citing the sovereign guarantee provided to Life Insurance Corporation (LIC). In response, the state-owned insurer...

Kathmandu — Dr. Prafulla Kumar Kafle, former Chairman of Nepal Insurance Authority, has passed away. He was a prominent figure in Nepal’s financial and insurance sector. Dr. Kafle served as the second chairman of the then Insurance Committee, now...

Kathmandu – The Health Insurance Board has yet to clear payments totaling Rs 16.45 billion to healthcare institutions by end of Falgun (mid-March). Despite the mounting dues, the board had only Rs 1 billion in its account during the...

Kathmandu – Out of the 14 life insurance companies currently operating in Nepal, eight have announced bonus rates for the fiscal year 2080/81. These companies have disclosed policyholder bonuses based on actuarial valuation and financial performance, following approval from...

Kathmandu – The Supreme Court has scheduled a hearing for Chaitra 13 (March 26) on a writ petition challenging the qualifications of Sharad Ojha, who was recently appointed as Chairman of the Nepal Insurance Authority. In an order issued...

Kathmandu — Sanima GIC Insurance Limited has appointed N. Amatya & Company, Chartered Accountants, as the external auditor for the financial year 2081/82. The decision was made during the company’s seventh annual general meeting, held on Chaitra 21 (April...